Trustee - Law Dictionary Search Results
Real representative
does the interest in a joint estate passing by survivorship or the interest of a corporation sole. The trustees of settled land vested in the testator and not settled by his will may be appointed by the
Qualified institutional buyer
Qualified institutional buyer, means a financial in-stitution, insurance company, bank, State financial corporation, State industrial development corpora-tion, trustee or any asset management company making investment on behalf of mutual fund or provident fund or gratuity fund
Property
wife any property to which she is entitled for an estate in remainder or reversion or as a trustee, executrix or administratix; and the date of the death of the testator or intestate shall be deemed to
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Precatory words
other persons ,the question then arising whether the legatee was meant to take absolutely or merely as a trustee for such other persons. The general rule is that such words will create a precatory trust if they
General public utility
of All India Spinners Association v. C.I.T., (1944) 12 ITR 482 (PC), exclude objects of private gain. Sole Trustee, Lok Shikshana Trust v. Commissioner of Income Tax, AIR 1976 SC 10: (1976) 1 SCC 254: (1976) 1
Election
once pleased a man in elections cannot displease him on further consideration.) See also Re Simms, Ex p. Trustee, 1934 Ch 1. In equity the doctrine of election is founded on the rule that a person who
Fraud
over others; such are transactions between parent and child, attorney and client, principal and agent, guardian and ward, trustee and cestui que trust, partners, etc. Others are of a mixed character, combining the ingredients of the preceding
public trust doctrine
public trust doctrine : a doctrine asserting that the state holds land lying beneath navigable waters as trustee of a public trust for the benefit of its citizens
meeting of creditors
a bankrupt debtor is required to submit to examination under oath by creditors who may also elect a trustee if one has not already been appointed
new value
exchange for new value and not as satisfaction for a preexisting debt may not be avoided by a trustee in bankruptcy as a voidable preference.
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